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No. of Recommendations: 1
This is a stock I had lots of reservation on their operating model, sales model, and even management structure. I thought they cannot scale, so far they have proved me wrong. However, decent growth, strong buyback and significant short (providing a floor or put) made me hold a small position.

My cost basis is around $50, and I owned it just few days shy of 1000 days, and the returns are 290%, that is for every $, I made $2.9 in profits, not counting dividends.

I see the valuation are getting stretched, and the CEO's ownership is getting so big, at this rate he may end up owning all the share in few years. BTW, his stake increased by the buybacks and not awarding ton of options to him.

It is one of the stocks I had trouble owning nevertheless I owned and I am glad I did. Now, it is time to say bye, as I am getting ready to redo my portfolio for 2020.
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